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Old 12-16-2004, 05:16 PM
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Join Date: Dec 2004
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Florida debt moved to Ohio

What is the name of your state?What is the name of your state? OH
A national electronics store in Florida issued credit to me several years ago and now I cannot pay the outstanding balance of $1656.57. I received a letter from an agency saying they had "purchased" my debt and I must pay in full within 30 days or collections proceedings would begin. I cannot pay this as requested. What recourse do I have?
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Old 12-16-2004, 05:59 PM
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Join Date: Feb 2002
Location: Nashville,TN
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If you can't pay it.. not much. It'll go to collections and then THEY will hound you for the money. You could try offering a settlement.. but they'll likely won't take less than 60-80% for a fresh charge-off.
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